Murphy Pohlad Asset Management LLC Boosts Stake in Alphabet Inc. (NASDAQ:GOOGL)

Murphy Pohlad Asset Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,918 shares of the information services provider’s stock after purchasing an additional 218 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Alphabet were worth $827,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Spreng Capital Management Inc. boosted its holdings in shares of Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the period. West Family Investments Inc. boosted its holdings in shares of Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after purchasing an additional 6 shares during the period. Maple Capital Management Inc. boosted its holdings in shares of Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares during the period. Private Advisory Group LLC lifted its holdings in Alphabet by 1.8% during the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after buying an additional 7 shares during the period. Finally, Weik Capital Management lifted its holdings in Alphabet by 0.5% during the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after buying an additional 8 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $142.14, for a total transaction of $3,198,150.00. Following the sale, the chief executive officer now directly owns 2,400,191 shares in the company, valued at approximately $341,163,148.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 228,239 shares of company stock valued at $32,432,382. Company insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $154.56 on Wednesday. The business’s 50-day moving average is $143.95 and its two-hundred day moving average is $138.46. The company has a market capitalization of $1.92 trillion, a P/E ratio of 26.65, a P/E/G ratio of 1.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a fifty-two week low of $101.93 and a fifty-two week high of $155.74.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period last year, the firm earned $1.05 EPS. Research analysts predict that Alphabet Inc. will post 6.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on GOOGL. Roth Mkm lowered their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. KeyCorp upped their target price on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Wolfe Research upped their target price on Alphabet from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Citigroup upped their target price on Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.48.

View Our Latest Research Report on Alphabet

About Alphabet

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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